Energy transition

The Philippines, Indonesia and the Asian Development Bank launch the Energy Transition Mechanism facility in Glasgow, the United Kingdom. The Philippines will work with the ADB and some private sector partners in developing an innovative ETM-supported project that will allow the country to accelerate its transition from coal to clean energy in a just and affordable manner. Attending the meeting in Glasgow are (from left) Per Heggenes, chief executive of IKEA Foundation; Philippine Finance Secretary Carlos Dominguez; Indonesian Finance Minister Sri Mulyani; ADB president Masatsugu Asakawa; and Dr. Raj Shah, president of The Rockefeller Foundation.